Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.001%

Price spread now: GRVT against Coinbase International+0.083%76s7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.467% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.083%, 7d avg −0.033%

Together, before fees+0.041%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.117% dearer against Coinbase International than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.033%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BCH-PERP-INTX	268.89	−0.0032	get 0.0004% / 1h	32m 17s	$236K	$2.0M	50x
Short	GRVT BCH_USDT_Perp	269.11	0.0028	get 0.0028% / 8h	32m 17s	$392K	$17K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GRVTbpOrdersPrice spread, now +0.083%Rate

Funding earned: $12.6
Price spread: +0.083% → −0.033%: $11.67
Slippage, 4 orders: −$27.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$22.44
Costs to cover: 0.467%
Break-even: 19.5 days

Slippage from Coinbase International: live order book, 1 min ago; GRVT: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 1 min ago	5.02 bp	14.3 bp −$14	20.9 bp −$209	doesn't fit	doesn't fit
Sell GRVT live order book, 45 min ago	0.93 bp	9.0 bp −$9	13.4 bp −$134	doesn't fit	doesn't fit

BCH on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit BCH_USDC-PERPETUAL	−0.0329%	1h	269.18	+0.109%	$455K	$266K	25x	as long as short
Phemex BCHUSDT	−0.0151%	8h	269.20	+0.115%	$4.9M	$6.4M	50x	as long as short
Variational Omni BCH	−0.0142%	8h	268.82	−0.026%	$82K	$294K	—	as long as short
SoDEX BCH-USD	−0.0141%	1h	269.06	+0.063%	$2K	$6K	10x	as long as short
Kraken Futures PF_BCHUSD	−0.0125%	1h	269.36	+0.175%	$829K	$3.1M	50x	as long as short
Bybit BCHUSDT	−0.0088%	8h	269.00	+0.041%	$39.4M	$32.6M	75x	as long as short
Injective BCH/USDC PERP	−0.0054%	1h	270.20	+0.487%	$721	$130K	12x	as long as short
Coinbase International BCH-PERP-INTXlong	−0.0032%	1h	268.89	long leg	$236K	$2.0M	50x
Extended BCH-USD	−0.0024%	1h	268.94	+0.019%	$116K	$652K	25x	as long as short
Binance BCHUSDT	−0.0020%	8h	269.21	+0.118%	$74.5M	$229.7M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0020%	8h	269.68	+0.294%	$70.6M	$6.7M	200x	as long as short
dYdX BCH-USD	0.0000%	1h	269.01	+0.043%	$5K	$248	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	269.45	+0.208%	$1.3M	$11.5M	2.7x	as long as short
gTrade (Gains Network) BCH/USD	L 0.0000% / S +0.0007%	1h	269.26	+0.138%	$4K	—	150x	as long as short
Gate BCH_USDT	+0.0009%	8h	269.11	+0.082%	$8.4M	$14.5M	75x	as long as short
Orderly PERP_BCH_USDC	+0.0028%	8h	269.07	+0.067%	$2K	$176	10x	as long as short
GRVT BCH_USDT_Perpshort	+0.0028%	8h	269.11	+0.083%	$392K	$17K	10x
Bitget BCHUSDT	+0.0032%	8h	269.06	+0.063%	$19.2M	$29.2M	75x	as long as short
OKX BCH-USDT-SWAP	+0.0040%	8h	269.00	+0.041%	$26.3M	$77.7M	50x	as long as short
BingX BCH-USDC	+0.0043%	8h	269.09	+0.074%	—	$6.5M	—	as long as short
Lighter BCH	+0.0096%	1h	269.19	+0.110%	$371K	$556K	10x	as long as short
BloFin BCH-USDT	+0.0100%	8h	268.87	−0.007%	$4.0M	$4.2M	50x	as long as short
Nado BCH-PERP	+0.0100%	1h	268.95	+0.022%	$444K	$425K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	269.47	+0.216%	$6.0M	$4.3M	10x	as long as short
Aster BCHUSDT	+0.0100%	8h	269.03	+0.051%	$216K	$709K	75x	as long as short
Pacifica BCH	+0.0100%	1h	268.96	+0.028%	$163K	$467K	10x	as long as short
KuCoin BCHUSDTM	+0.0100%	8h	269.19	+0.112%	$9.2M	$7.8M	75x	as long as short
edgeX BCHUSDC	+0.0100%	4h	268.98	+0.032%	$19K	$290K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	269.10	+0.078%	$73K	$214K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	268.92	+0.011%	$2K	$2.0M	30x	as long as short
HTX BCH-USDT	+0.0100%	8h	269.01	+0.045%	$777K	$1.6M	75x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0334% / S −0.0340%	1h	269.29	+0.149%	$27K	—	100x	as long as short